The International Dynamics of R&D and Innovation in the Long Run and in the Short Run

26 Pages Posted: 11 Apr 2007

See all articles by Laura Bottazzi

Laura Bottazzi

University of Bologna - Department of Economics; Bocconi University - IGIER - Innocenzo Gasparini Institute for Economic Research; University of Bologna - Rimini Center for Economic Analysis (RCEA)

Giovanni Peri

University of California, Davis - Department of Economics

Date Written: 0000

Abstract

In this article we estimate the dynamic relationship between employment in R&D and generation of knowledge as measured by patent applications across OECD countries. In several recently developed models, known as idea-based models of growth, the idea-generating process is the engine of productivity growth. Moreover, in real business cycle models technological shocks are an important source of fluctuations. Our empirical strategy is able to test whether knowledge spillovers are strong enough to generate sustained endogenous growth and to estimate the quantitative impact of international knowledge on technological innovation of a country in the short and in the long run.

Suggested Citation

Bottazzi, Laura and Peri, Giovanni, The International Dynamics of R&D and Innovation in the Long Run and in the Short Run (0000). The Economic Journal, Vol. 117, Issue 518, pp. 486-511, March 2007. Available at SSRN: https://ssrn.com/abstract=978577 or http://dx.doi.org/10.1111/j.1468-0297.2007.02027.x

Laura Bottazzi (Contact Author)

University of Bologna - Department of Economics

Strada Maggiore 45
Bologna, 40125
Italy

Bocconi University - IGIER - Innocenzo Gasparini Institute for Economic Research ( email )

Via Roentgen 1
Milan, 20136
Italy
+39 02 5836 3326 (Phone)
+39 02 5836 3302 (Fax)

HOME PAGE: http://www.igier.uni-bocconi.it/bottazzi

University of Bologna - Rimini Center for Economic Analysis (RCEA) ( email )

Via Patara, 3
Rimini (RN), RN 47900
Italy

Giovanni Peri

University of California, Davis - Department of Economics ( email )

One Shields Drive
Davis, CA 95616-8578
United States
530-752-3033 (Phone)
530-752-9382 (Fax)

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